Tricon Residential Inc T.TCN

Tricon Residential Inc. is an owner, operator, and developer of a portfolio of approximately 38,000 single-family rental homes in the United States Sun Belt and multi-family apartments in Canada. The Company provides rental housing options for families across the United States and Canada through its technology-enabled operating platform and on-the-ground operating teams. The Company's segments include Single-Family Rental, Adjacent Businesses, and Strategic Capital. The Single-Family Rental business includes owning and operating single-family rental homes primarily within major cities in the United States Sun Belt. Its Adjacent Businesses include multi-family rental and residential development. Its multi-family rental business segment includes one Class A high-rise property in downtown Toronto known as The Selby. Through its Strategic Capital business, the Company provides asset management, property management and development management services.

TSX:TCN - Post by User

Tricon Residential Inc

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Post by retiredcfon Aug 09, 2020 10:58am

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Post# 31384361

Additional Assessment

TCN acquired 68 rental homes in the quarter and over and above their solid results, the company is benefitting from the de-urbanization trend in US real estate. Occupancy remains strong and the fact that they were able to collect 99% of rent payments through Q2 and the month of July was very encouraging.

So said the crew at 5iResearch when asked for their views this week. GLTA

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